China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
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published:16 Nov 2017

views:541

Wealth managers and advisors should take an #O2O (online-to-offline) approach with clients to ensure that they are offering #digital capabilities with a human touch.

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China has announced plans to ease limits on foreign ownership of financial services groups, following years of complaints that such restrictions block foreign groups’ development in the country.
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China and the US have reached deals to expand trade in beef and chicken and increase access for financial firms, US Commerce SecretaryWilbur Ross said at a briefing on Thursday. The deals are the first tangible results of trade talks that began last month after Chinese PresidentXi Jinping and US PresidentDonald Trump met in Florida to discuss cooperation between the world's two largest economies.
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Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing.
At the mean time, the newly launched Wechat 5.0 draws a lot of attention for its payment service. Internet companies like Alibaba, Tencent, 360buy and Jingdong Mall are all entering into micro-loan business to challenge traditional banks.
Alibaba
Alifinance doesn't reveal too much details, so we have to wait for the credit payment service's launch. The credit card interest-free period is 38 days. The credit limit would based on users' record on Taobao and Tmall. Alifiannce said they would cooperate with banks to run the service.
Earlier in June, Alibaba began offering currency fund products, called "Yu'E Bao" which means leftover treasure in Chinese. Alipay users can choose to put their money in Yu'E Bao to earn returns much higher than banks, with around 4.4% annual return. It has attracted a lot of users because of no minimum requirement and withdraw limit. Now, Yu'E Bao reached 20 billion yuan (USD 3.24 billion). Its users increased to 2.5 million merely in half a month.
Tencent
Wechat 5.0 includes payment service, which is supported by Tenpay. Now users can pay on public platform and pay be scanning QR code. The first batch of enterprises on Wechat includes many sectors, such as air ticket booking, online shopping, movie tickets group buy, etc.
ChinaAMC launched Wechat platform financial products in May 2013. Besides, it is said that Wechat also wants to cooperate with banks to launch financial products. Tenpay revealed to media that this project was ongoing.
BanksTraditional banks made different reactions towards internet companies' challenge.
ChinaIndustrial Bank stopped its credit card service on August 6. However, the failure of credit card doesn't mean banks cannot do online business well. Traditional banks have realized the compact of internet, and have been making changes to traditional business model. At present, China Merchants Bank and Ping An Bank have launched their Wechat platform financial services.
Although internet companies cannot compete with traditional banks now, but they stimulate banks to change. Although online finance service wouldn't be a threat to big loans, in some areas, such as third party payment and Wechat payment would influence online banks and Unionpay.
Some say Alipay and Wechat are not a huge threat to banks yet, because they have to cooperate with banks to provide online finance service. They are not competitors.
InternetFinancial system in China E bank Baidu, Alibaba challenge Chinese banks,for more information about chinese finacial system subscribe and browse channal at http://youtube.com/user/chinaworldnews as well as business website at http://penglaichina.com

published:11 Mar 2014

views:2369

Erich Reimer joined CGTN America's Rachelle Akuffo to discuss the regulatory changes in foreign ownership of Chinese domestic financial services entities, and the ramifications on consumers, companies, and sectors in the U.S., Europe, and China.

The history of financial services

The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge.

Companies usually have two distinct approaches to this new type of business. One approach would be a bank which simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g., in Japan), non-financial services companies are permitted within the holding company. In this scenario, each company still looks independent, and has its own customers, etc. In the other style, a bank would simply create its own brokerage division or insurance division and attempt to sell those products to its own existing customers, with incentives for combining all things with one company.

China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
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China relaxes curbs on foreign financial stakes

► Subscribe to FT.com here: http://bit.ly/2r8RJzM
China has announced plans to ease limits on foreign ownership of financial services groups, following years of complaints that such restrictions block foreign groups’ development in the country.
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For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
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Reform of China's Financial Services Sector: June 6, 2007

US, China reach deals on access for beef, financial services

China and the US have reached deals to expand trade in beef and chicken and increase access for financial firms, US Commerce SecretaryWilbur Ross said at a briefing on Thursday. The deals are the first tangible results of trade talks that began last month after Chinese PresidentXi Jinping and US PresidentDonald Trump met in Florida to discuss cooperation between the world's two largest economies.
Subscribe to us on YouTube: https://goo.gl/lP12gA
Watch CGTN Live: https://www.youtube.com/watch?v=L2-Aq7f_BwE
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Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing.
At the mean time, the newly launched Wechat 5.0 draws a lot of attention for its payment service. Internet companies like Alibaba, Tencent, 360buy and Jingdong Mall are all entering into micro-loan business to challenge traditional banks.
Alibaba
Alifinance doesn't reveal too much details, so we have to wait for the credit payment service's launch. The credit card interest-free period is 38 days. The credit limit would based on users' record on Taobao and Tmall. Alifiannce said they would cooperate with banks to run the service.
Earlier in June, Alibaba began offering currency fund products, called "Yu'E Bao" which means leftover treasure in Chinese. Alipay users can choose to put their money in Yu'E Bao to earn returns much higher than banks, with around 4.4% annual return. It has attracted a lot of users because of no minimum requirement and withdraw limit. Now, Yu'E Bao reached 20 billion yuan (USD 3.24 billion). Its users increased to 2.5 million merely in half a month.
Tencent
Wechat 5.0 includes payment service, which is supported by Tenpay. Now users can pay on public platform and pay be scanning QR code. The first batch of enterprises on Wechat includes many sectors, such as air ticket booking, online shopping, movie tickets group buy, etc.
ChinaAMC launched Wechat platform financial products in May 2013. Besides, it is said that Wechat also wants to cooperate with banks to launch financial products. Tenpay revealed to media that this project was ongoing.
BanksTraditional banks made different reactions towards internet companies' challenge.
ChinaIndustrial Bank stopped its credit card service on August 6. However, the failure of credit card doesn't mean banks cannot do online business well. Traditional banks have realized the compact of internet, and have been making changes to traditional business model. At present, China Merchants Bank and Ping An Bank have launched their Wechat platform financial services.
Although internet companies cannot compete with traditional banks now, but they stimulate banks to change. Although online finance service wouldn't be a threat to big loans, in some areas, such as third party payment and Wechat payment would influence online banks and Unionpay.
Some say Alipay and Wechat are not a huge threat to banks yet, because they have to cooperate with banks to provide online finance service. They are not competitors.
InternetFinancial system in China E bank Baidu, Alibaba challenge Chinese banks,for more information about chinese finacial system subscribe and browse channal at http://youtube.com/user/chinaworldnews as well as business website at http://penglaichina.com

Erich Reimer joined CGTN America's Rachelle Akuffo to discuss the regulatory changes in foreign ownership of Chinese domestic financial services entities, and the ramifications on consumers, companies, and sectors in the U.S., Europe, and China.

China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
Follow us on:...

China relaxes curbs on foreign financial stakes

► Subscribe to FT.com here: http://bit.ly/2r8RJzM
China has announced plans to ease limits on foreign ownership of financial services groups, following years of complaints that such restrictions block foreign groups’ development in the country.
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs
For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes

published: 10 Nov 2017

Rethinking China – China’s Financial Funhouse 10.19

Rethinking China – China’s Financial Funhouse: Will It All Come Toppling Down? A conversation with Arthur Kroeber and Zhang Lanlan
Thursday, October 19, 6:00 – 7:30PM
6:00 – 6:30PM: Cocktail networking
6:30 – 7:30PM: Program
Speakers: Arthur Kroeber, Lanlan Zhang
Event Fee: $10 Members, $20 Non-members, $5 Students
Location: 40 Rector Street, 2nd Floor, New York, NY 10006
China’s Financial Funhouse: How Close to Collapse?
Over the last decade, China has deregulated its financial system at breakneck speed, and debt has more than quadrupled. Banks and a host of non-bank financiers have created dozens of new investment products, catering to savers’ demands for higher returns than they can get on bank deposits. Borrowing by local governments, real estate companies and speculators has soared....

published: 20 Oct 2017

Reform of China's Financial Services Sector: June 6, 2007

US, China reach deals on access for beef, financial services

China and the US have reached deals to expand trade in beef and chicken and increase access for financial firms, US Commerce SecretaryWilbur Ross said at a briefing on Thursday. The deals are the first tangible results of trade talks that began last month after Chinese PresidentXi Jinping and US PresidentDonald Trump met in Florida to discuss cooperation between the world's two largest economies.
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Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing.
At the mean time, the newly launched Wechat 5.0 draws a lot of attention for its payment service. Internet companies like Alibaba, Tencent, 360buy and Jingdong Mall are all entering into micro-loan business to challenge traditional banks.
Alibaba
Alifinance doesn't reveal too much details, so we have to wait for the credit payment service's launch. The credit card interest-free period is 38 days. The credit limit would based on users' record on Taobao and Tmall. Alifiannce said they would cooperate with banks to run the service.
Earlier in June, Alibaba began offering currency fund products, called "Yu'E Bao" which means leftover treasure in Chines...

Erich Reimer joined CGTN America's Rachelle Akuffo to discuss the regulatory changes in foreign ownership of Chinese domestic financial services entities, and the ramifications on consumers, companies, and sectors in the U.S., Europe, and China.

China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be ab...

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
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Weibo: http://weibo.com/cctvnewsbeijing

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
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Weibo: http://weibo.com/cctvnewsbeijing

China relaxes curbs on foreign financial stakes

► Subscribe to FT.com here: http://bit.ly/2r8RJzM
China has announced plans to ease limits on foreign ownership of financial services groups, following years o...

► Subscribe to FT.com here: http://bit.ly/2r8RJzM
China has announced plans to ease limits on foreign ownership of financial services groups, following years of complaints that such restrictions block foreign groups’ development in the country.
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For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
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► Subscribe to FT.com here: http://bit.ly/2r8RJzM
China has announced plans to ease limits on foreign ownership of financial services groups, following years of complaints that such restrictions block foreign groups’ development in the country.
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs
For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes

China and the US have reached deals to expand trade in beef and chicken and increase access for financial firms, US Commerce SecretaryWilbur Ross said at a briefing on Thursday. The deals are the first tangible results of trade talks that began last month after Chinese PresidentXi Jinping and US PresidentDonald Trump met in Florida to discuss cooperation between the world's two largest economies.
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China and the US have reached deals to expand trade in beef and chicken and increase access for financial firms, US Commerce SecretaryWilbur Ross said at a briefing on Thursday. The deals are the first tangible results of trade talks that began last month after Chinese PresidentXi Jinping and US PresidentDonald Trump met in Florida to discuss cooperation between the world's two largest economies.
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Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing.
At the mean time...

Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing.
At the mean time, the newly launched Wechat 5.0 draws a lot of attention for its payment service. Internet companies like Alibaba, Tencent, 360buy and Jingdong Mall are all entering into micro-loan business to challenge traditional banks.
Alibaba
Alifinance doesn't reveal too much details, so we have to wait for the credit payment service's launch. The credit card interest-free period is 38 days. The credit limit would based on users' record on Taobao and Tmall. Alifiannce said they would cooperate with banks to run the service.
Earlier in June, Alibaba began offering currency fund products, called "Yu'E Bao" which means leftover treasure in Chinese. Alipay users can choose to put their money in Yu'E Bao to earn returns much higher than banks, with around 4.4% annual return. It has attracted a lot of users because of no minimum requirement and withdraw limit. Now, Yu'E Bao reached 20 billion yuan (USD 3.24 billion). Its users increased to 2.5 million merely in half a month.
Tencent
Wechat 5.0 includes payment service, which is supported by Tenpay. Now users can pay on public platform and pay be scanning QR code. The first batch of enterprises on Wechat includes many sectors, such as air ticket booking, online shopping, movie tickets group buy, etc.
ChinaAMC launched Wechat platform financial products in May 2013. Besides, it is said that Wechat also wants to cooperate with banks to launch financial products. Tenpay revealed to media that this project was ongoing.
BanksTraditional banks made different reactions towards internet companies' challenge.
ChinaIndustrial Bank stopped its credit card service on August 6. However, the failure of credit card doesn't mean banks cannot do online business well. Traditional banks have realized the compact of internet, and have been making changes to traditional business model. At present, China Merchants Bank and Ping An Bank have launched their Wechat platform financial services.
Although internet companies cannot compete with traditional banks now, but they stimulate banks to change. Although online finance service wouldn't be a threat to big loans, in some areas, such as third party payment and Wechat payment would influence online banks and Unionpay.
Some say Alipay and Wechat are not a huge threat to banks yet, because they have to cooperate with banks to provide online finance service. They are not competitors.
InternetFinancial system in China E bank Baidu, Alibaba challenge Chinese banks,for more information about chinese finacial system subscribe and browse channal at http://youtube.com/user/chinaworldnews as well as business website at http://penglaichina.com

Alibaba is said to be launch its credit payment service very soon, allowing users to use up to 5000 yuan(USD 810) credit to pay for purchasing.
At the mean time, the newly launched Wechat 5.0 draws a lot of attention for its payment service. Internet companies like Alibaba, Tencent, 360buy and Jingdong Mall are all entering into micro-loan business to challenge traditional banks.
Alibaba
Alifinance doesn't reveal too much details, so we have to wait for the credit payment service's launch. The credit card interest-free period is 38 days. The credit limit would based on users' record on Taobao and Tmall. Alifiannce said they would cooperate with banks to run the service.
Earlier in June, Alibaba began offering currency fund products, called "Yu'E Bao" which means leftover treasure in Chinese. Alipay users can choose to put their money in Yu'E Bao to earn returns much higher than banks, with around 4.4% annual return. It has attracted a lot of users because of no minimum requirement and withdraw limit. Now, Yu'E Bao reached 20 billion yuan (USD 3.24 billion). Its users increased to 2.5 million merely in half a month.
Tencent
Wechat 5.0 includes payment service, which is supported by Tenpay. Now users can pay on public platform and pay be scanning QR code. The first batch of enterprises on Wechat includes many sectors, such as air ticket booking, online shopping, movie tickets group buy, etc.
ChinaAMC launched Wechat platform financial products in May 2013. Besides, it is said that Wechat also wants to cooperate with banks to launch financial products. Tenpay revealed to media that this project was ongoing.
BanksTraditional banks made different reactions towards internet companies' challenge.
ChinaIndustrial Bank stopped its credit card service on August 6. However, the failure of credit card doesn't mean banks cannot do online business well. Traditional banks have realized the compact of internet, and have been making changes to traditional business model. At present, China Merchants Bank and Ping An Bank have launched their Wechat platform financial services.
Although internet companies cannot compete with traditional banks now, but they stimulate banks to change. Although online finance service wouldn't be a threat to big loans, in some areas, such as third party payment and Wechat payment would influence online banks and Unionpay.
Some say Alipay and Wechat are not a huge threat to banks yet, because they have to cooperate with banks to provide online finance service. They are not competitors.
InternetFinancial system in China E bank Baidu, Alibaba challenge Chinese banks,for more information about chinese finacial system subscribe and browse channal at http://youtube.com/user/chinaworldnews as well as business website at http://penglaichina.com

Erich Reimer joined CGTN America's Rachelle Akuffo to discuss the regulatory changes in foreign ownership of Chinese domestic financial services entities, and the ramifications on consumers, companies, and sectors in the U.S., Europe, and China.

Erich Reimer joined CGTN America's Rachelle Akuffo to discuss the regulatory changes in foreign ownership of Chinese domestic financial services entities, and the ramifications on consumers, companies, and sectors in the U.S., Europe, and China.

Erich Reimer joined CGTN America's Rachelle Akuffo to discuss the regulatory changes in foreign ownership of Chinese domestic financial services entities, and the ramifications on consumers, companies, and sectors in the U.S., Europe, and China.

China's financial sector opening raises prospect of talent war

China's financial sector opening raises prospect of talent war
HONG KONG (Reuters) - In the last two years, more than 30 global asset managers have been awarded licences to set up wholly-owned units in China as they sought a share of the country’s $1.5 trillion (£1.12 trillion) private fund management market. FILEPHOTO: A rainbow arches over Hong Kong's Victoria Harbour June 19, 2012. REUTERS/Bobby Yip/File PhotoYet only about half a dozen of those asset managers - a group that includes the likes of AberdeenStandard Investments, Invesco and Vanguard - hav...

China’s Financial Channel (CCTV-2) aired a special bitcoin documentary this week to analyze reasons behind the recent price rally. The program invited Li Cangyu, financial columnist and Wan Zhe, chief economist at China National Gold Group Corp. as commentators who believe that Huobi has undoubtedly violated regulations on cryptocurrency services.

published: 01 Dec 2017

China widens foreign access to its giant financial sector

China widens foreign access to its giant financial sector
(This Nov. 10 story corrects designation of KeithPogson in paragraph 26.) China'sViceFinance Minister Zhu Guangyao gestures during an interview with Reuters at the Chinese embassy in London, Britain July 18, 2015. REUTERS/Stefan WermuthBEIJING (Reuters) - China will raise foreign ownership limits in financial firms in a step granting access to a tantalizing multi-trillion dollar financial services market, as the world’s second-biggest economy seeks to position itself as a major global finance...

published: 22 Nov 2017

China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
Follow us on:...

China relaxes curbs on foreign financial stakes

► Subscribe to FT.com here: http://bit.ly/2r8RJzM
China has announced plans to ease limits on foreign ownership of financial services groups, following years of complaints that such restrictions block foreign groups’ development in the country.
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs
For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes

published: 10 Nov 2017

China lifts foreign ownership limits on financial firms

China lifts foreign ownership limits on financial firms.
BEIJING (Reuters) - The Chinese government on Friday said it will raise foreign ownership limits in domestic financial firms, a long-anticipated step that grants greater access to overseas investors into the Asian giant’s financial services market.
The move, announced by vice finance minister Zhu Guangyao, comes a day after U.S. PresidentDonald Trump reiterated calls for better access to Chinese markets in meetings with Chinese PresidentXi Jinping.
The changes include raising the limit on foreign ownership in joint-venture firms involved in the futures, securities and funds markets to 51 percent from the current 49 percent. They will take effect immediately following the drafting of specific related rules, Zhu told a news conf...

Wealth managers and advisors should take an #O2O (online-to-offline) approach with clients to ensure that they are offering #digital capabilities with a human touch.

published: 24 Oct 2017

Rethinking China – China’s Financial Funhouse 10.19

Rethinking China – China’s Financial Funhouse: Will It All Come Toppling Down? A conversation with Arthur Kroeber and Zhang Lanlan
Thursday, October 19, 6:00 – 7:30PM
6:00 – 6:30PM: Cocktail networking
6:30 – 7:30PM: Program
Speakers: Arthur Kroeber, Lanlan Zhang
Event Fee: $10 Members, $20 Non-members, $5 Students
Location: 40 Rector Street, 2nd Floor, New York, NY 10006
China’s Financial Funhouse: How Close to Collapse?
Over the last decade, China has deregulated its financial system at breakneck speed, and debt has more than quadrupled. Banks and a host of non-bank financiers have created dozens of new investment products, catering to savers’ demands for higher returns than they can get on bank deposits. Borrowing by local governments, real estate companies and speculators has soared....

Erich Reimer joined CGTN America's Rachelle Akuffo to discuss the regulatory changes in foreign ownership of Chinese domestic financial services entities, and the ramifications on consumers, companies, and sectors in the U.S., Europe, and China.

Erich Reimer joined CGTN America's Rachelle Akuffo to discuss the regulatory changes in foreign ownership of Chinese domestic financial services entities, and the ramifications on consumers, companies, and sectors in the U.S., Europe, and China.

China's financial sector opening raises prospect of talent war

China's financial sector opening raises prospect of talent war
HONG KONG (Reuters) - In the last two years, more than 30 global asset managers have been awarde...

China's financial sector opening raises prospect of talent war
HONG KONG (Reuters) - In the last two years, more than 30 global asset managers have been awarded licences to set up wholly-owned units in China as they sought a share of the country’s $1.5 trillion (£1.12 trillion) private fund management market. FILEPHOTO: A rainbow arches over Hong Kong's Victoria Harbour June 19, 2012. REUTERS/Bobby Yip/File PhotoYet only about half a dozen of those asset managers - a group that includes the likes of AberdeenStandard Investments, Invesco and Vanguard - hav...

China's financial sector opening raises prospect of talent war
HONG KONG (Reuters) - In the last two years, more than 30 global asset managers have been awarded licences to set up wholly-owned units in China as they sought a share of the country’s $1.5 trillion (£1.12 trillion) private fund management market. FILEPHOTO: A rainbow arches over Hong Kong's Victoria Harbour June 19, 2012. REUTERS/Bobby Yip/File PhotoYet only about half a dozen of those asset managers - a group that includes the likes of AberdeenStandard Investments, Invesco and Vanguard - hav...

China’s Financial Channel (CCTV-2) aired a special bitcoin documentary this week to analyze reasons behind the recent price rally. The program invited Li Cangyu, financial columnist and Wan Zhe, chief economist at China National Gold Group Corp. as commentators who believe that Huobi has undoubtedly violated regulations on cryptocurrency services.

China’s Financial Channel (CCTV-2) aired a special bitcoin documentary this week to analyze reasons behind the recent price rally. The program invited Li Cangyu, financial columnist and Wan Zhe, chief economist at China National Gold Group Corp. as commentators who believe that Huobi has undoubtedly violated regulations on cryptocurrency services.

China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be ab...

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
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China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
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Blockchain-back new financial initiative of China

Hong Kong will establish blockchain based trade financial system. The system that government of Hong Kong plans to introduce in the country may be beneficial fo...

Hong Kong will establish blockchain based trade financial system. The system that government of Hong Kong plans to introduce in the country may be beneficial for China’sBelt and Road Initiative (OBOR), which is aimed at strengthening trade ties between China and its partner countries by combining the projects of the "Economic belt of the Silk Road" and the "Silk Road of the XXI century". James Henry Lau, Secretary for Financial Services and the Treasury of Hong Kong said: ‘’Trade along the Belt and Road is mostly conducted by small and medium-sized enterprises, so Blockchain’s DLT could help by cutting out the need for a central organization and middlemen’’.
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Hong Kong will establish blockchain based trade financial system. The system that government of Hong Kong plans to introduce in the country may be beneficial for China’sBelt and Road Initiative (OBOR), which is aimed at strengthening trade ties between China and its partner countries by combining the projects of the "Economic belt of the Silk Road" and the "Silk Road of the XXI century". James Henry Lau, Secretary for Financial Services and the Treasury of Hong Kong said: ‘’Trade along the Belt and Road is mostly conducted by small and medium-sized enterprises, so Blockchain’s DLT could help by cutting out the need for a central organization and middlemen’’.
Our partner: https://artex.global/
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We are on twitter: https://twitter.com/KolesCoinNews
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Info: https://www.caixinglobal.com/

China relaxes curbs on foreign financial stakes

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China has announced plans to ease limits on foreign ownership of financial services groups, following years o...

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China has announced plans to ease limits on foreign ownership of financial services groups, following years of complaints that such restrictions block foreign groups’ development in the country.
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China has announced plans to ease limits on foreign ownership of financial services groups, following years of complaints that such restrictions block foreign groups’ development in the country.
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs
For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
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China lifts foreign ownership limits on financial firms

China lifts foreign ownership limits on financial firms.
BEIJING (Reuters) - The Chinese government on Friday said it will raise foreign ownership limits in dom...

China lifts foreign ownership limits on financial firms.
BEIJING (Reuters) - The Chinese government on Friday said it will raise foreign ownership limits in domestic financial firms, a long-anticipated step that grants greater access to overseas investors into the Asian giant’s financial services market.
The move, announced by vice finance minister Zhu Guangyao, comes a day after U.S. PresidentDonald Trump reiterated calls for better access to Chinese markets in meetings with Chinese PresidentXi Jinping.
The changes include raising the limit on foreign ownership in joint-venture firms involved in the futures, securities and funds markets to 51 percent from the current 49 percent. They will take effect immediately following the drafting of specific related rules, Zhu told a news conference.

China lifts foreign ownership limits on financial firms.
BEIJING (Reuters) - The Chinese government on Friday said it will raise foreign ownership limits in domestic financial firms, a long-anticipated step that grants greater access to overseas investors into the Asian giant’s financial services market.
The move, announced by vice finance minister Zhu Guangyao, comes a day after U.S. PresidentDonald Trump reiterated calls for better access to Chinese markets in meetings with Chinese PresidentXi Jinping.
The changes include raising the limit on foreign ownership in joint-venture firms involved in the futures, securities and funds markets to 51 percent from the current 49 percent. They will take effect immediately following the drafting of specific related rules, Zhu told a news conference.

China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
Follow us on:...

Rethinking China – China’s Financial Funhouse 10.19

Rethinking China – China’s Financial Funhouse: Will It All Come Toppling Down? A conversation with Arthur Kroeber and Zhang Lanlan
Thursday, October 19, 6:00 – 7:30PM
6:00 – 6:30PM: Cocktail networking
6:30 – 7:30PM: Program
Speakers: Arthur Kroeber, Lanlan Zhang
Event Fee: $10 Members, $20 Non-members, $5 Students
Location: 40 Rector Street, 2nd Floor, New York, NY 10006
China’s Financial Funhouse: How Close to Collapse?
Over the last decade, China has deregulated its financial system at breakneck speed, and debt has more than quadrupled. Banks and a host of non-bank financiers have created dozens of new investment products, catering to savers’ demands for higher returns than they can get on bank deposits. Borrowing by local governments, real estate companies and speculators has soared....

Here's How Fintech Is Transforming China I Fortune

Scott Galit, CEO of Payoneer, Venetia Lee, General Manager of Hong Kong, Macau, Taiwan and China at Alipay, and
Tang Ning, founder and CEO of CreditEase explain the explosion of fintech adoption in China.
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FORTUNE is a global leader in business journalism with a worldwide circulation of more than 1 million and a readership of nearly 5 million, with major franchises including the FORTUNE 500 and the FORTUNE 100Best Companies to Work For. FORTUNE Live Media extends the brand's mission into live settings, hosting a wide range of annual conferences, including the FORTUNE GlobalForum.
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2017 Top-10 China Financial Industry Trends

China’s financial industry faces a challenging year ahead. Economic growth is slowing, money outflows are testing the resolve of regulators and reform remains a challenge. Yet China remains at the center of the fintech universe as tech giants Lufax, PingAn, and Ant Financial continue to re-define banking in the world’s biggest country.
In 2016, private banks were in the news as many of China's top enterprises jumped into the industry to start their own private banks. However, due to a number of reasons, there is no significant business success to talk about at the moment: user uptake is low, especially if you consider how popular some of these companies' other products are. Still more licenses have been given out and more firms are still applying. What's going on?
On traditional bankin...

published: 13 Apr 2017

Understanding the Chinese Economy: Where Is It Headed?

Is China heading for a crash? China’s economy inspires extreme and, often, diametrically opposed views. Bears: growth is severely unbalanced, waste unbearably high, and collapse nigh; massive stock market crashes, weakening manufacturing, and devaluation of the Chinese currency are all risk factors. Bulls: past performance is proof of the government’s managerial skill, innovation is blossoming and China will soon surpass America as the global economic powerhouse. Can we go beyond the conventional wisdom?
Arthur R. Kroeber is founding partner of Gavekal Dragonomics, a China-focused economic research consultancy he helped establish in Beijing in 2002 after 15 years as a freelance financial journalist in Asia, and editor of its flagship publication China Economic Quarterly. He is also head ...

published: 25 Jan 2017

2016 Top-10 China Financial Technology Trends

Fintech: The BAT (Baidu, Alibaba, Tencent) now all have a private bank ready to launch and remote account opening is likely to happen this year. As the BAT continue their push into financial services, what does that mean for traditional and digital banking in 2016? How big a chunk of business can they take from banking giants such as ICBC?
Blockchain: In 2015, conversation around Bitcoin shifted to blockchains. What will the conversation be in 2016 and what will that mean for bitcoin and blockchain in China? Is there even a market for blockchain in China?
Equities: Chinese mainland markets had one of their most tumultuous years ever in 2015, losing as much as a third of their value over three weeks in June. Even so, the Shanghai Composite still finished the year almost 10 percent highter...

China to further open finance sector to foreign companies

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be ab...

China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
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China has announced the plans to ease or eliminate investment restrictions on foreign companies in its financial market. In the future, foreign firms will be able to become large shareholders in Chinese financial service providers. Analysts say the move is most welcome for opening up financial markets in China, but it will take time to evaluate its full significance. What are these changes? How will China’s financial sector evolve in the coming years? And what challenges continue to face China’s financial reform?
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
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